Casella Waste Systems (NASDAQ:CWST) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “hold” rating and a $106.00 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 6.27% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company upped their target price on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

Casella Waste Systems Price Performance

Shares of CWST stock opened at $99.75 on Thursday. Casella Waste Systems has a fifty-two week low of $72.97 and a fifty-two week high of $100.42. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 321.77, a PEG ratio of 6.25 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58. The stock’s 50-day simple moving average is $95.74 and its 200-day simple moving average is $89.43.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities analysts forecast that Casella Waste Systems will post 0.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the sale, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the sale, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the sale, the chief executive officer now owns 35,189 shares in the company, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,238 shares of company stock worth $1,026,395. Corporate insiders own 4.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CWST. Operose Advisors LLC acquired a new position in shares of Casella Waste Systems during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Casella Waste Systems in the 3rd quarter valued at $26,000. NBC Securities Inc. acquired a new position in Casella Waste Systems in the 3rd quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems in the 1st quarter valued at $26,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Casella Waste Systems in the 3rd quarter valued at $27,000. 99.51% of the stock is owned by institutional investors and hedge funds.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.